|Monday, 10-Sep-2012 03:12
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Brokerage collection management weekly a low position product re
Author: fund research center Yang Shu Zhang Jianhui market shocks, low position product relative resilience last week the market shocks.The central bank lowered the deposit reserve rate to release the 400000000000 liquidity, CPI fall as scheduled to 5% factors did not change the market sentiment, the central economic work conference of expectations in the market continue until the shake downward trend, the Shanghai composite index the entire week falls 1.
92%, the turnover obvious atrophy.Industry,Moncler Outlet, real estate, financial plate prior to the renewal of the strong trend, Piaohong the market, food and beverages, petrochemical industry and commercial trade plate to appear relatively substantially adjust.
Style, in small-cap stocks are the performance of the doldrums, fall 2.11%, dropped 3.83%,Moncler Pas Cher, the gem index fell 3.66%.Public offering of the fund, the Stock Open-end Fund averaging down 2.53%, mixed-type open-end fund averaging down 2.
35%.By the market turbulence drag down, brokerage collection management products generally poor performance, but the overall performance is still strong in the market average level, in which the low position product relative resilience.
Classification type,Moncler, mixed type, FOF type products with better performance, an average of 1.66% and 1.68%; stock are slightly inferior, an average of 2.24%.Stock products: 26 can only be statistical products in 2 up 24 down, 2.
24% overall decline.Among them, China's CITIC outstanding growth, CITIC dividend value 2 products received red trend, weeks rose respectively 0.24% and 0.09%.The remarkable growth of recent consecutive rise, mainly due to its focus on allocation of financial plate continued to rise prices; and a low position configuration CITIC dividend value in a recent market turmoil showed more robust features.
The mixed product: 106 can only be statistical products up more or less, a decrease of 1.66% on average.Dongguan Qifeng wealth No. 1, Nanjing Shenzhou 3,www.doudounemonclereshop.com, the Yangtze River beyond the financial treasure No.
2, Zhongshan No. 1 and Dongxing No. 2 5 products are vulnerable to rise, profit rate is respectively 0.51%, 0.05%,www.monclersitoufficialenegozi.com, 0.02%, 0.01% and 0.01%.Among them,www.moncleroutletboutique.com,Dong Zen Temple Rese, the Nanjing Shenzhou 3, the Yangtze River beyond the financial treasure No.
2, Zhongshan No. 1 and No. 2 Dongxing and other equity allocation is low, thereby effectively preventing the downside risks.The FOF product: 27 can only be statistical products without a rise, the average yield of -1.
68%.Bank of China International Chinese red gold, securities Prudential Financial No. 2 and No. 2 wealth of Soochow products such as performance of the relative resilience.Wherein, BOC International Chinese red gold assets in the recent decline in the market performance of a continuous sound.
By downward drag index, 3 index products all down, Galaxy 99 index, Guotai Junan the central enterprises, 50 gold consumption index fell to 0.69%,Moncler Outlet, 0.71% and 4.99%.14 may only statistical and other types of products in 2 up 12 down, the average fell 0.
27%.Among them, the first venture securities under the entrepreneurship a gold strategy, entrepreneurship a gold statue enjoy value-added hedge 2 products better,The two quarter of 2012 the fund size (excluding cargo base diameter) _ strategy, rising 0.07% respectively, 0.05%; investment strategy, the former mainly take the stock index futures arbitrage and hedging strategy,Doudoune Moncler,Master and apprentice two people always walk arm i, the latter mainly uses the capital preservation strategy.
Last week's strong performance in the corporate debt debt.Rose 0.20%, enterprise debt index rose 0.08%, convertible bond index fell 0.59%,Moncler Jacket, open bond fund averaging down 0.20%.35 may only statistical brokerage restrictive set of financial management products in the 11 rose 1 Ping 23 drop, the average yield of -0.
25%.Among them, a number of gold, Hengtai steady returns and country Thailand monarch safety get-Jun Hui two, product performance is better, the week up respectively 0.18%, 0.14% and 0.10%.Collection of financial products broker industry dynamic information week 1 new issues of brokerage collection management products, is the country letter Financial neutral quantization, the product is a small set of products.
|Monday, 10-Sep-2012 03:12
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Uremic wife not to drag her husband 4 years after
Jia Youxiang of 58 years oldand 54 year old Gao Baohong is the Nanjing Jianye District, the two people in love, both families were opposed, but they come together .4 years ago,www.moncleroutletboutique.com, high Baohong uremia ,in order not to drag her husband Jia Youxiang ,she insisted on a divorce ,Moncler Pas Cher,Jia Youxiang had to agree .
However ,two of divorced people not to break up, Jia Youxiang and Gao Baohong live together ,and take care of each other .Not long ago ,may realize myself to support long, Gao Baohong proposes marriage .
Yesterday noon ,Jianye District Civil Affairs Bureau, special, to the hospital for the two procedures ,Jia Youxiang and Gao Baohong in the ward received a marriage certificate .Reportedly ,the marriage registration ,both parties to the civil affairs department show account book ,identity card registration, this is obviously a special .
However ,it also raises a topic -- later if meets the wedding party paralyzed in bed ,or in prison and other special cases ,civil affairs departments can introduce relevant provisions of special .
Correspondent Chen Xiuzhu express reporter Li Shaofu Xiang Fenghua while the family against two or the combination of Jia Youxiang and Po Hong is the Nanjing Jianye District,Haitong Securities selection and market timing focus on comprehensive strength o, recalled same year and Po Wang love and later married ,Jia Youxiang thinks ,International hedge funds in 2011 October monthly global market rebound, bear ta,it is fate .
Jia Youxiang said ,in his early years he had served in the army ,at the age of 20 after returning home ,and Baohong fall in love at first sight . We know that year, she did not graduate from high school ,was only 16 years old .
Jia Youxiang said ,according to the marriage law ,must be 20 years old can register to get married .At that time, two people love by both family opposition . When I was 20 years old ,when this age ,family began pushing for the object .
Jia Youxiang said ,because Po Hong small oneself 4 years old ,so his family against two person object , if two of us ,I need to wait for her for 4 years ,then to get married ,his family worried me to wait for her for 4 years ,will white .
And Po Wang family ,but also because of Jia Youxiang is old and opposed to the two person .Although both families are opposed, but the two young people end up .Wait 4 years ,Jia Youxiang finally in 1977 ,will be Baohong marry into the family .
His wife suffering from uremia firmly demanded a divorce according to Jia Youxiang ,the two married a few years after , Po Wang got the nephritis . restricted by the conditions ,the first after the illness is not completely cured ,later onset of regular .
Jia Youxiang says ,although the doctor spent a lot of money ,but this does not affect the two feelings .Married two years ,had a clever and beautiful daughter .Until 2007 ,Moncler Outlet, Po Wang after a cold fever ,after the hospital inspection,Moncler, found to be due to uremia ,serious illness ,Doudoune Moncler,had to stay in hospital for renal dialysis .
Since the uremia , Bao macro increasingly short-tempered .At the sight of her husband to take care of ourselves wasting away ,she doesn because of their disease with husband ,produced the idea of divorce .
When she was bad temper, not to want to divorce with me ,I have to follow her heart ,dealt with divorce formalities . Jia Youxiang says ,although nominally divorced, he with Po Hong lived together ,regardless of the divorce .
We were divorced ,just followed her meaning ,apply for a divorce . Jia Youxiang said ,in fact is one family ,with the certificate getting divorced on two feelings no influence .She suddenly ill and hope remarried a few days ago , Bao macros may be aware of their own can not support long, then with Jia Youxiang proposed marriage .
4 years of waiting ,finally to this sentence . Jia Youxiang said ,then two people to the Bureau of civil affairs consulting remarry procedures, and planned to remarry in May 11th of this year .
4 days ago , Bao Acer sudden coma ,rescued two days awake . We have to remarry . Jia Youxiang said ,marriage must be two people hold identity cards and accounts of the Civil Affairs Bureau ,to register ,but now I Po Wang unable to leave the hospital ,he and his daughter to Jianye District Civil Affairs Bureau marriage registration office ,hoping to accommodation .
Jianye District Civil Affairs Bureau marriage registration office, a high chief says ,after step instructions ,yesterday afternoon, they get the superior departments in charge of approval,today launched a ho, can be in the hospital for two people remarry procedures .
Around 11 noon yesterday ,www.doudounemonclereshop.com,the Civil Affairs Bureau marriage registration office staff arrived at the hospital ,ask whether the parties are willing ,daughter of whether or not the views ,in the doctor confirmed Baohong clear-headed ,staff back to the registry of marriage certificate seal print .
After about an hour ,the office staff to the marriage certificate to pass two .Inserts oxygen tube Po Wang and Jia Youxiang with tears received a marriage certificate , and so on for 4 years, until finally the day .
Extension of news can be issued special provisions in fact ,decide to help ,Jianye District Department also embarrassed , because there are clearly defined ,for both men and women to marry in person with the marriage registration office .
Now help Mrs. Jia Youxiang round of the dream ,meat Yang Cuihua ate,Jianye District Civil Affairs Bureau marriage registration office director was both happy and feel .High director said ,www.monclersitoufficialenegozi.com,Shrinking stock shocks the medium-term trend does not change,marriage registration needs in strict accordance with the Regulations on marriage registration corresponding to the program implementation ,must request the parties to the civil affairs departments to produce the account, identity card registration, it is clear that this violates the relevant laws and regulations .
After all ,A good buy fund research center closed-end fund short-term d,Civil Affairs Bureau is the government department ,can not change the legal procedures .Government departments should do good ,but must act in accordance with the law .Registration of marriage is sacred ,serious ,solemn ,is also very standard .
High chief worry ,if meets the wedding party paralyzed in bed ,or imprisoned in special cases such as what to do ,after all,Moncler Jacket, not every time play special report .She hoped that the Ministry of civil affairs to publish relevant special provisions ,like a court in the residents of the home and other places .
Circuit courts ,the marriage registration organ may also humanized operation,Moncler Outlet, the identifier temporary moved to do action inconvenience to residents of the home ,so that the marriage registration office of temporary extension to there .
|Monday, 10-Sep-2012 03:11
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Leukemia wife refused chemotherapy money to cure h
Last month, Yuzhong District 43 year-old Tang Ying found suffering from leukemia,Moncler Outlet, but refused to inpatient chemotherapy -- because she once hospitalized, critically ill husband Jiang Hua had no money to buy medicine to eat.
"To chemotherapy, can not delay any longer."Yesterday morning,Two junior high school students to save drowning c, who lives in Yuzhong District 11 village to build the Jiang Hua again begged Tang Ying in the hospital, was rejected by Tang Ying.Lying on the sofa, Tang Ying gaunt,Moncler Pas Cher, struggling to speak.
Jiang Hua of 45 years old is a taxi driver, diabetes ten years.From the beginning of June last year, by the injection of insulin in the control condition, at least two weekly injection.Medical expenses 800 yuan a month.
Due to delays, his monthly income only 1000 multivariate.Tang Ying didn't work, doing enough odd jobs to supplement the family income, daughter high school, 5 and a half years old son in kindergarten, one family owed a lot of debt.
Last month,Moncler, Tang Ying feel weak all over, have no a spirit,www.moncleroutletboutique.com, to the hospital to check,Moncler Outlet, chronic lymphocytic leukemia.The doctor asked her to hospital immediately chemotherapy, or a precarious life.But a chemotherapy only ten thousand multivariate, the Tang Ying family can not afford.
"If my husband in hospital, have no money to buy insulin.He fell down, this home."Tang Ying insisted to go home,Doudoune Moncler, by a few dollars a bottle of medicine to alleviate the condition.After returning home, Tang Ying's illness, fatigue, cold sweat,Yinhua Fund Series grading of fund analysis report, eat sleep is not good.
See the wife's illness, Jiang Huayu gives up the insulin injections, but the whole body ache,The private equity industry dynamic weekly brokerage products investment manager,2010 brokerage strategy report quarterly analysis _ _ sina finance _ sina.com.cn,Moncler Jacket, unable to move, to drive.Jiang Hua wanted to sell the house to save his wife, Tang Yingjian never promised:
"sell the house,The husband to take care of vegetative wife for th,www.doudounemonclereshop.com, where the whole family,www.monclersitoufficialenegozi.com, old and young?""You don't treat a line?"Father Tang Dequan tearful Tang told reporters, he and his wife followed eat low son to live,A quarter of the fund positions decreased slightly in the structural adjustment, economy not aid daughter,
|Sunday, 9-Sep-2012 16:18
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Female college students' parents had concerns about the safety o
Zhao Xiaotingart photos .Data picture players in temporary quarters in the pack .Zhao Xiaoting for kids .Photo by teammates provide large female students in Guizhou victims of female students in Guizhou does teach teaching died July 21st, Guiding through hole .
A flying stone from Zhao Xiaoting ,at the age of 20 Video :Da teachers teaching killed two girls in rural sources :Hubei TV news line Zhao Xiaoting ,Moncler Jacket,College of electrical engineering Wuhan University sophomore ,a sunshine after the .
This summer vacation ,she gave up the opportunity to go home to Jiangsu ,enrolled in the school organization of teaching activities ,and 18 of his teammates went to Guizhou Guiding County Horse River Primary school .
In that remote village ,Zhao Xiaoting left got love to the children ,never stay -- Survey of go to the countryside ,a flying stone deprived her of her 20 years of life .The 1 final farewell yesterday afternoon ,a special farewell ceremony at the racecourse River Primary School held in temporary quarters .
Zhao Xiaoting bed ,putting her previous portable clothes and possessions, together with the teaching team ,also the thousand cranes and balloons over her bed, that is the beauty of her most loving thing .
Kiosk to life here ,also have love here ,we . The racecourse River Primary School Headmaster Wang Guanglin voice choked up .Change suddenly ,the students had to advance the end of education .
But ,when they pack up their luggage ,Wang Guanglin made a request to them :considering that many teachers did not arrive in Tuyun to attend the memorial service ,they want to own the simple way ,to Zhao Xiaoting as a last farewell .
Then ,the school teacher, parents come .Along with teaching students in Zhao Xiaoting ,you stand ,3 minute silence .For a moment ,air as coagulation ,can occasionally hear gently sobbing .
The news of children at the school gate ,Wai ,tearfully singing Zhao Xiaoting to teach them like you -- after the rain there will be a charming fragrance ,I and you are same ,same kind, and need someone to create a paradise ,the song is the wing ,sang the hope ,all to pay only for the power of love .
.. ... The racecourse River Primary School is a school for children of migrant workers left ,in July 13th, Zhao Xiaoting and 18 of his teammates here teaching .The school in the mountains ,the condition is difficult, students in two classrooms ,together with desk bed .
Take a shower without place ,life is very inconvenient,www.monclersitoufficialenegozi.com,Jinyuan securities weekly Fund Watch strategy report sin, but even so ,never in the poor mountain lived in Zhao Xiaoting ,were sanguine partner : come ,be prepared ... ... Because it is the summer vacation ,students have a holiday ,Zhao Xiaoting and his companions produced a poster ,also enter into the village door to propaganda ,to attract students voluntarily enroll in learning .
Their efforts were not in vain ,just one or two days time ,enrolled more than 90 students .In the teaching process, Zhao Xiaoting served as security and chorus teaching in the teacher ,her teaching ,www.moncleroutletboutique.com,neatly record of each class teaching content .
She is strict and serious and responsible attitude ,to allow the same to teach students all the heart admiration .2 I dream of Zhao . spare time ,Zhao Xiaoting also led the team to the village homes for the elderly ,to help the old people to clean sanitation, to accompany them to chat ,performing arts program for them .
When Zhao kiosk to understand many left-behind children in life faced a lot of confusion ,active and they twinning ,for their help ,and they become integrated with .At the age of 10, Ren is pen ,is one of the many left-behind children .
Zhao Xiaoting went to school education ,soon found out that Ren is pen introverted ,so try to get close to her ,and her friend .Gradually, as is a pen like this gentle beautiful big sister ,what is always willing to talk to her .
Day of the incident ,as is the pen said: the induction . She washed at home the cup ,cup broke ,cut her finger .Then, any positive t heard Zhao Xiaoting injured news .She rushed out of the house ,the site of a catch ,Quantitative funds careful argue three quantitativ,but in the half-way be school teacher stopped .
Return to school, Ren is pen and students form a circle ,crying to sing just like Zhao Xiaoting learned new songs .However ,since then ,Ren is the pen can no longer see Zhao Xiaoting appeared in the campus .
In the day before yesterday evening ,Ren is the pen had a dream .In the dream ,Zhao Xiaoting sat in a go cart ,is she smiled and waved ,Ren is pen crying to catch up, but the train farther .
.. ... Zhao is very beautiful, very gentle ,I like her very much ! Like Ren Zhengbi, Wang Juanjuan of 11 years old red eye socket .In Wang Juanjuan Zhao Xiaoting gave them the safety education courses, always very patient .
Zhao Xiaoting sings very well ,Wang Juanjuan take the initiative to find her ,did not think of ,a song Zhao Xiaoting taught only 3 times ,she learned ,which made her very happy . She is going to give us a story ,At the west gate of,and we play together, bring us a lot of happiness .
3 years ago, the Guiding county Party ,every summer ,Electrical Engineering Institute of Wuhan University will organize students to the racecourse River Primary School teaching .In the view of Wang Guanglin, the college students for the child ,Moncler Outlet,is to get the kids to feel the mountains outside wonderful world ,let them see the hope out of the mountain of .
A more obvious changes ,now choose to read high senior high school entrance examination of university students is increasing .3 would tell a sad scene that happened in July 21st ,so far no one want to mention .
At noon, after lunch, including Zhao Xiaoting, 17 students from the school ,want to go two kilometers through hole survey .Because the treasure in remote rural education opportunities ,students often thorough country investigation ,for local governments to provide intelligence helps deficient up .
Although very supportive of their practice ,but for security reasons ,President Wang Guanglin or offer oneself as a wizard .Behind the mountains ,Moncler Pas Cher,a river winding up, the river flowing quietly ,depth less than knee .
Under Wang Guanglin ,the students walking along the river ,travel over land and water ,laughing and talking .Soon ,through holes in the eyes ,if students too tired ,Wang Guanglin ordered them to stop and rest for a while .
The cliffs, Guaishi rugged, surrounded by magnificent scenery, at this time, Zhao Xiaoting was at the back ,no one noticed a piece of flying rocks .Suddenly splash ,Wang Guanglin turned to look, Zhao Xiaoting fell in the river .
In front of a scene ,let everybody stunned .Will Zhao Xiaoting help on the Bank of the river ,Wang Guanglin found her head was crushed ,at this time, several male students generally take off your coat ,for Zhao Xiaoting the wound dressing .
See the road difficult to walk ,carried Zhao Xiaoting to the rescue of some difficulties ,Wang Guanglin way to run, to help to the village .At the same time ,two male students voluntarily left to take care of Zhao Xiaoting ,6 other male students with other female students ,to move to a safe area .
Soon ,doctors and firefighters have arrived, but unfortunately Zhao Xiaoting due to injuries ,had stopped breathing .In the evening, in the team convoy ,Zhao Xiaoting was taken to the Tuyun funeral home .
Surprised ,who also didn think this would happen ,I really very sad ! The incident so far ,Moncler,Wang Guanglin fell into a deep remorse ,he said ,he could not protect Zhao Xiaoting ,unworthy of the caring students .
4 in order to let the children out of the mountains in 1990 May was born in Jiangsu Province, Rugao City, an ordinary family ,Zhao Xiaoting from primary school to high school, achievement has come out in front .
So far ,roommates, remember ,Doudoune Moncler,in the winter ,often before dawn, but Zhao Xiaoting rang the alarm bell ,not long after, she washes off to the library .Whether it is hot summer or the coldest days ,that Zhao Xiaoting slightly obviously frail figure always appears the earliest in the classroom .
Also with this effort ,was admitted to the Wuhan University ,Zhao Xiaoting still maintains excellent performance .In school ,Zhao Xiaoting was also keen to participate in various public welfare activities ,is in the campus activists .
For her sudden departure ,her classmates obviously difficult to accept . She relaxed smile ,in 9 to teach girls ,always the first to attract your eyeball . Recall his teammate Wang Xun Zhao Xiaoting ,to teach voice .
To depart in July 12th night ,bound from Wuchang to Guiyang train K471 ,everyone is asleep ,Zhao Xiaoting is the only person awake ,as everyone guard . A team that a person makes us feel especially warm .
Wang Xun said ,after dawn, to pass the time ,Zhao Xiaoting led the singing of the song ,the dull atmosphere about active again ,and she laughed very bright .In the face of public praise ,she would always say : if I were an angel ,you are my wings .
After a few days of short time ,Zhao Xiaoting smiles all volunteer team ,has become a pistachio . I wanted to spend more time with children ,to our knowledge to instill in them, let the children out of the mountains .
This is Zhao Xiaoting to Wang Xun one of the most moving words ,in these days ,he found Zhao Xiaoting lessons than anyone seriously ,in to the racecourse River Primary School before, she had already on his computer was made in the teaching of PPT ,but after school ,she always felt PPT is not quite perfect, again continue to modify ,let the same dormitory teaching team as class children ,myself over and over for trial ,until the satisfaction of their own .
Because she often said ,to bring the children the best education . Kiosk teaching way so I was very moved . Teaching team vice-captain Xu Liang says ,big moment, Zhao Xiaoting went into Hunan and Xinshao to a small school education ,this year summer vacation, she gave up the opportunity home ,sign up to Guizhou branch .
She had originally planned to continue into the mountains, to see those lovely children ,but now she is with regret gone ... ... 5 parents took her daughter home in the shape of a tiger mouth lip ,44 year old Zhao Songgao lit incense and paper money .
It began to rain ,waterline hook trace Zhao Song high wet figure .He looked up at the top of the head down triangle cave .5 days ago ,came to the racecourse Township Central Primary School Education for just 10 days, daughter Zhao Xiaoting ,was the stones will drop from the clouds away .
In the silence of Zhao Songgao .Accompanied by his wife Chen Jianhua,Moncler Outlet, was a rushing stream barrier ,also in silence, watch her husband .From 22 to the early morning yesterday afternoon, the couple from Rugao to Tuyun ,www.doudounemonclereshop.com,then to Guiding ,the impact of a thousand miles, bent to the ground to daughter .
Hometown custom ,must go to the daughter take the place of worship ,it will be able to daughter home . We have very much opposed to teach that kiosk ,not safety .But the kiosk is a strong child, she said to us ,she is the class cadre ,must go in front of everyone .
She finally persuaded us . After days of travel, the couple have been terribly fatigued .But in the sacrifice had a daughter, the couple have a dignified face bright : was gone, but she walks very glorious ,she is our pride .
Teaching period, Zhao Xiaoting also often contact with home .That daughter sleep in bed with tables and chairs together ,the couple could not taste : she is home to sleep the best bed ! But they are also very pleased to see her daughter can bear hardships : we are very love her, but never spoil her .
Late on July 21st ,Zhao Songgao received a large electrical engineering college Party committee secretary Yu Xianghong phone ,her daughter was hurt , is in emergency treatment !The couple was worried hadn ,the next day morning rode to Shanghai ,flight arrived in Guiyang ,daughter body storage in Tuyun .
Come to know ,the daughter already not in . Chen Jianhua wiped up tears : she said I don save money to buy more clothes ,she also said that finding a good job is going to take us to enjoy .
.. ... Along the way, the couple have been kiosk hang in mouth edge .After the spring festival begins from now, they have not seen kiosk side ,goodbye has kate .Zhao Songgao pulls out a mobile phone short message :May 28th, like father .
.. ... Want my mother ... ... Miss my grandma ... ... Homesick ;May 30th, love ,love ,love grandma father mother ... ... She is a very considerate children .When I was small, we go to work at home ,she put the laundry ,the dinner ready .
Chen Jianhua remember ,kiosk likes to eat pork ,total clamoring to mom , well she only eats a few blocks ,and give the rest to me to eat ,grandma to eat ... ... Tian Rusen intern
|Sunday, 9-Sep-2012 16:18
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QDII fund managers tend to cautious defensive configuration into
In 2011 3quarterly report QDII fund fund research center Zhang Yu Zhang Jianhui basic conclusions : in the 3 quarter of 2011 ,world economy bad data to appear .Global economy anabiosises pace slowed ,again there are likely to enter the recession .
The debt crisis and continuous fermentation ,Moncler Jacket,the EU policymakers later although it is a range of remedies to reach a consensus ,but still can not change its debt problem formation mechanism .
Some international organizations have bearish outlook for the global economy ,international financial markets ,commodity markets and the dollar index volatility substantially .Affected by this ,the 3 quarter of the global market presents Pu to fall .
MSCI European market index fell 18.01% ,MSCI mature market index fell 17.66% ,the MSCI emerging markets fell 23.53% ,American Standard & Poor index fell 14.33% ,Hongkong ,the index fell 15.
2% .The financial ,industrial ,real estate ,machinery and other cyclical industries affected by the larger ,and health care ,consumer services and industry policy and the fundamentals of small effect ,with strong defensive .
From the fund performance ,the 3 quarter of this year ,the public offering of the fund overall performance as ink ,QDII- equity investment varieties with an average decline in net -22.65% .
From the fund scale, the end of the 3 quarter ,QDII fund fund share reached 89672000000 ,than on the final reduction of 5026000000 ,net redemption rate of 5.3% .The end of the three quarter QDII fund total net scale is 53756000000 yuan ,than on the final reduction of 20596000000 yuan ,down 27.
7% .QDII fund in the area allocation pattern unchanged ,the top 5 is still in Hongkong ,China ,South Korea ,Australia ,the United States ,in addition to the Hongkong area than the other 4 important areas of investment proportion were narrowed slightly .
But 3 of the Quarterly Bulletin shows ,QDII in Singapore ,Indonesia ,China Taiwan ,Thailand and India and other regions of the investment ratio increased in the United States ,Japan ,www.monclersitoufficialenegozi.com,France ,Britain ,and other developed areas of percentage decrease .
Configuration in the industry from the rates of change of perspective, QDII in the plate on the industry configuration appeared by periodic style to non periodic style transformation signs .
With the final to cyclical industry core configuration compared ,Moncler Outlet,QDII in the 3 quarter with more business ,a daily consumer goods ,financial ,daily consumer goods and utilities ,reduction of raw materials and industrial stocks ,to equilibrium configuration pattern process .
QDII in the 3 quarter of the fund manager for the fourth quarter as well as having attitude tends to be cautious .Cautious optimism and neutral point of view in 3 ,less than 3 of the fund manager is pessimistic .
Corresponding to having attitude tends to be cautious, 3 from the Quarterly Bulletin ,the fund manager for the asset allocation ,industry configuration centralized view compared to 2 of the quarterly bulletin has changed, appropriate to reduce the cycle industry configuration ,increase the defensive configuration became a lot of fund manager preferred strategy .
For example, they made :in the eurozone debt problem is still not solved, will take a conservative strategy ,reduce the shareholding ratio ,and increase the defensive stocks due to fluctuations in the stock market ;ultra matches the benefit from the upgrading of the consumption of Consumer Discretionary ,as well as in the economic growth in a downward cycle, the high uncertainty of profit the medical board ;low allocation of banks ,real estate ,the sources of energy such as plate .
Commodity investment perspective : a fund manager is still optimistic about the long-term investment in gold configuration opportunity ;global demand is still high ,look at present industry is still in a boom state .
Bad data on global market Pudie ,the 3 quarter of 2011 ,the world economy bad data to appear .Global economy anabiosises pace slowed ,again there are likely to enter the recession .
A landmark event is ,the United States of America by standard & Poor historic down ;with the latest economic data reflect the American real estate market and employment is weak, cause the market to the United States of America concern over the economic outlook is deepened further .
Europe substantial diffusion ,core euro-zone country Franco-German economic growth rate lower than expected ,German cut next year economic growth ;the European debt crisis continued ,the EU policymakers later although it is a range of remedies to reach a consensus ,but still can not change its debt problem formation mechanism .
Some international organizations have bearish outlook for the global economy ,international financial markets ,commodity markets and the dollar index volatility substantially .In emerging markets,Doudoune Moncler, emerging economies grow fast to slow ,and the inflationary pressure still exists, the emerging countries to implement tight monetary policy can not be relaxed .
During the time ,profit international capital ,will increase the global market, especially in emerging market asset prices fluctuation ,thereby increasing the sovereign debt crisis to financial market turmoil transformation .
Affected by this ,Daily investment strategy have the contact conditions, insta,Moncler Outlet,the 3 quarter of the global market presents Pu to fall .MSCI European market index fell 18.01% ,MSCI mature market index fell 17.66% ,the MSCI emerging markets fell 23.53% ,American Standard & Poor index fell 14.
33% ,Hongkong ,the Shanghai and Shenzhen 300 index fell 15.2% .Sub-industry, according to MSCI classification index of global market ,the 3 quarter capital goods market index fell 28.74% ,electronic equipment index fell 27.
12% ,mechanical index fell 28% ,industrial index fell 21.1% ,bank index fell 18.93% ,real estate index fell 15.89% ,health care technology index fell 14.59% ,medical equipment service index fell 13.
54% ,consumer services index fell 10.4% ,utilities index fell 6.19% ,food index fell 3.79% .On the whole, financial ,industrial ,real estate ,machinery and other cyclical industries affected by the larger ,and medical care ,consumer services and utilities sectors by the policy and the fundamentals of small effect ,with strong defensive .
QDII performance fell ,the net value of the fund has shrunk from the fund performance ,the 3 quarter of this year ,the public offering of the fund overall performance to make ink :according to the Golden State Securities Fund Research Center statistics ,the open-end fund share weighted average net growth rate of -11.
68% ,open index fund growth rate of -14.57% ,open hybrid ( including active configuration, flexible configuration and conservative allocation type fund ) the growth rate of -10.32% .QDII- equity investment varieties share weighted average net growth rate of -22.
65% .From the fund scale, according to the country gold negotiable securities fund types ,up to 2011 the end of the 3 quarter ,QDII fund fund share reached 89672000000 ,than on the final reduction of 5026000000 ,net redemption rate of 5.
3% .The end of the three quarter QDII fund total net scale is 53756000000 yuan ,than on the final reduction of 20596000000 yuan ,down 27.7% .Regional distribution pattern did not change ,industry configuration changes the equilibrium analysis QDII fund 3 quarterly data ,first of all ,QDII fund in the area allocation pattern unchanged ,the top 5 is still in Hongkong ,China ,South Korea ,Australia ,www.doudounemonclereshop.com,the United States ,in addition to the Hongkong area than the other 4 important areas of investment ratio are slightly narrow .
The top five regional investment proportion reached the investment value to 84.8% ,compared to similar data down 2.3% final .In addition ,the QDII region of Taiwan in China investment value ratio increases rapidly, the final 2.
9% rise to 3 at the end of 3.47% ,ranked the sixth place .Overall, QDII in the regional distribution pattern of little change ,continue to the Hongkong market .In the 3 quarter, the motive force of the development of economy all over the world slowdown ,lack of sustained growth mechanism under the environment of QDII assets ,the area invests specific gravity to slightly biased in Asia and emerging markets .
Fund 3 of the Quarterly Bulletin shows ,QDII in Singapore ,Indonesia ,China Taiwan ,Moncler,Thailand and India and other regions of the investment ratio increased ,www.moncleroutletboutique.com,but in the United States ,Britain ,Japan ,France and other developed areas the proportion decreased .
However ,the relative regional variation is not necessarily a fund manager in the active investment management strategy on the show, also for the various regions of the stock market value changes caused by .
See chart 1 ,2 .Figure 1: QDII asset area configuration (2011Q3) graph 2:3 quarter QDII assets investment changes in source :country gold securities research secondly ,the configuration in the industry ,with period compared to 3 at the end of the QDII in China ,the top five industries did not change ,still financial ,energy ,raw materials ,information technology and daily consumer goods .
Since the 3 quarter of the industry section of the market differentiation ,and the management of people take the initiative to transfer warehouse 2 quarter results ,ranked second and third of the energy and raw material industries accounted for ,in the end of the three quarter was decreased ,respectively third and fifth ;while the 2 season ranked fifth of daily consumer goods ,now has 2 Yue Judi financial industry is still located in the warehouse industry ;first ,market capitalization ratio also rose slightly ,to the end of the 3 quarter reached 26.
8% ;information technology industry although the market ratio decreased, but the sort unchanged ,in QDII fourth industry .From the rates of change of perspective, QDII in the plate on the industry configuration appeared by periodic style to non periodic style transformation signs .
And the fund to the periodical industry core configuration compared ,QDII in the 3 quarter with more business ,a daily consumer goods ,financial ,Couple chained ill foster child 10 years and care,daily consumer goods and utilities ,reduction of raw materials and industrial stocks ,to balanced allocation pattern of bright display .
See chart 3 ,4 .Figure 3: QDII industry configuration (2011Q3 ) graph 4: QDII asset allocation of the industry changes ( 2011Q3 ) source: country gold securities research fund manager confidence tends to be cautious, defensive configuration into the mainstream of the 2 quarter compared with half of fund manager on the market outlook optimistic or cautious optimism ,QDII in the 3 quarter of the fund manager for the afternoon attitude tends to be caution .
Cautious optimism and neutral point of view in 3 ,less than 3 of the fund manager is pessimistic .See chart 5 ,6 .38% QDII fund manager for the 4 quarter and outlook with ,for reasons including: in spite of the debt crisis is very difficult to solve ,but European governments to rescue plan will greatly ease the crisis impact force ,reduce the global capital market systematic risk .
The United States has four quarter recession less likely ,the market fears of a recession may be somewhat slow down .The global stock market nearly 08 years of financial crisis ,emerging market stock market valuations at very low level .
The three quarter of the market substantially revised to a considerable extent reflects global economy double dip risk ,etc. .34% QDII fund manager holds a neutral attitude .Reasons include : on the one hand ,the 4 quarter is expected global economic growth is slowing down ,European debt problems can quickly resolve the still uncertain ,Moncler Pas Cher,the European banking system instability ,may further affect the entity economy recovery .
On the other hand ,the global economy may also appear some positive changes :commodity prices, emerging market growth stress ;Europe and the United States launched the clear and convincing debt adjustment strategy ,the market confidence restored ,the financial system more stable .
4 quarter of the global stock market will be in low oscillation ,but is unlikely to drop ,etc. .28% QDII fund manager who pessimistic attitude .Reasons include :the euro zone would eventually find a solution, but the short term rapid addressed the possibility is very small ,mainly because the euro zone although monetary unification ,but as a result of each member country financial and political system of independence led to political game takes time out feasible final solution .
The short-term still should be on guard against the European debt crisis may be out of control cause market downside risks ;from the great cycle, the global economy is still in recovery, but the problem that face and difficulty or more, take more time to walk out the plight, and so on .
Figure 5:2 quarter QDII fund managers on the market outlook confidence statistics chart 6:3 quarter QDII fund managers on the market outlook confidence sources of Statistics :the country gold negotiable securities Research Institute for having the attitude of corresponding to caution ,3 from the Quarterly Bulletin ,the fund manager for the asset allocation ,industry allocation ,centralized view compared to 2 of the quarterly bulletin has changed, appropriate reduce the cycle industry configuration ,increase the defensive configuration became a lot of fund manager of the mainstream choice .
For example, they made :in the eurozone debt problem is still not solved, will take a conservative strategy ,reduce the shareholding ratio ,and increase the defensive stocks due to fluctuations in the stock market ;will continue to maintain relatively defensive portfolio allocation ,as far as possible to prevent the debt crisis may be out of control cause market downside risks ;ultra matches the benefit from the upgrading of the consumption of Consumer Discretionary ,Shaanxi 8 kitty to rescue the drowning boy drowned two rescuer (Figure),as well as in the economic growth in the down cycle ,gain the high uncertainty of medical plate ;low allocation of banks ,real estate ,energy plate; configuration by foreign macroeconomic policies affect the smaller telecommunications services and the consumer sector and a consumer plate ,etc.
.For commodities investment perspective :gold .Has the manager thinks the European Central Bank and the Fed had to rescue ,can print money ,money will be more flooding and future devaluation ,long-term positive gold ;emerging market and commodity market in the 3 quarter was experienced one round to drop substantially ,the international spot gold prices from $1900 an ounce, down to around $1600 ,this is on 2011 July and August international spot gold price fast rise substantially modified ,is still optimistic about the long-term gold configuration opportunity .
Agriculture products. Some believe that at present, the global demand for farm products is still high ,which leads to the agricultural product prices continued to be strong, as well as in the agricultural industry chain upstream seeds pesticide fertilizer machinery manufacturing industry has been growing steadily, and the global trade volume increased to enhance the grain trade and business profit .
Global agricultural index will remain in a relatively large range, but it seems that the industry is still in a boom state . Sina: sina.com.cn posted this article for more information transmission purposes ,does not mean that agree with their views or confirm the description .